Dinar Observer Daily

MilitiaMan – Dinar Guru    …According to a central bank statement, “The Governor of the Central Bank of Iraq, Mustafa Ghaleb, held a meeting with the World Gold Council at their request,”…Looks like things have been achieved… Increase in foreign reserves… After implementing recent reforms… Technical support and training.. That reeks of USA helping out!! Just like they said they would!!  …This week suggests that the UST and major players are all on a level playing field…We will know when the playing field kicks off… Digital is instantaneous.. all boats rise with the tide.. SDR is over $1.44 today…I have always maintained the longer it takes the more money we make…SDR tide is rising…just wait until the IQD is placed internationally!

Mountain Goat – Dinar Guru   The QFS is running the rates and updating them once again. This does not mean an RV is imminent. …This occurs frequently as they are setting this up for the global reset change. We can probably expect the rates to go up. Remember, however that we can not yet exchange at these rates and so they are nothing more than curiosity. Iraq is still under OFAC sanctions and is not yet trading on FOREX.

MilitiaMan – Dinar Guru  In my view, there is nothing to suggest that we have to wait for elections.  We wait just as the world does wait for the mechanism to be exposed…The CB [CBI] will be giving special low prices for the dollar.  In other words a rate change is coming…

Frank26 – Dinar Guru   I’ve always said from day one…you’re not going to get the economic reform until you get the monetary reform…

MilitiaMan – Dinar Guru  Article: “The Dutch Disease and Iraq’s Foreign Exchange Rate”  Quote:  “Had the dinar exchange rate been determined…the rate would have been much higher because of international demand for its oil.”  This article tells us/me…they can and could support an exchange rate for our benefit and one that would benefit the citizens and bring purchasing power!  Quote:  “therefore, it’s high time now to adopt a flexible exchange rate…”  All the things we are seeing now points to the digital transformation and going to a less cash society with purchasing power is coming to Iraq…

MilitiaMan – Dinar Guru   The mechanism is the exchange rate in my view. They want what everyone wants. The transformation digitally is on going with the Arab Summit taking place through tomorrow…When Iraq has everyone on board and compliance ready, they’ll jump start the reforms and f ast, imo…The digital roll out is the level playing field.  It is the mechanism that will trigger a massive global change. imo So be at peace, as change is coming….Get ready!!! 

Mountain Goat – Dinar Guru   Article:  “PARLIAMENTARY FINANCE TALKS ABOUT THE CONTINUATION OF THE CURRENT EXCHANGE RATE OF THE DOLLAR FOR THE NEXT FOUR YEARS”  Quote:  “…setting up a schedule for four years to normalize the exchange rates of the dollar is illogical and contains many inaccuracies…”    …They are not saying that the devalued rate of the dinar will remain for 4 years. The finance committee is apposing this move and says it will be subjected to “annual” evaluation…

BobbyC – Dinar Guru   If those HD’s…(250 to the 50K note)… are kept in the market, along with the supposed LD’s of IQD, let’s say 1 to 50, it would be mass confusion… My thinking is Iraq will re-denominate before new LD’s are issued. Gives weight to Iraq wanting to go from Trillions to Billions…

Mountain Goat – Dinar Guru   So, the recent news from Iraq is all good. They are telling us they have a $15 dollar surplus per barrel of oil.  WOW!  Remember they can not now tell us they don’t have the funds to more [move ?] ahead with the project to delete the zeros…We can feel that something is just not right and the CBI is planning something BIG with the currency in the near future. I say NEAR future because we also know they cannot continue much longer in the monetary policies they are now implementing…

BobbyC – Dinar Guru  …Whichever Float/PEG they determine is an after thought for our end game. They’d be stupid to de peg from the USD if they go International…The IQD will be in a basket pegged to the USD for protection.  Years down the road when they can manage it, they will float. [USA BUCK …..remains world standard] Yep and that’s their protection factor because USD is OIL and OIL is USD 🙂

BobbyC – Dinar Guru  To my knowledge only one aspect of Ch 7 remains and that’s the debt to Kuwait which has zero bearing on taking the IQD international. All the other Ch 7’s were moved to Ch 6.  CH 7 Sanctioned nations…do not have globally traded currency…there are no sanctions against them doing international business. Just some Banks, especially in Europe, won’t deal with em because Iraq fails to abide by the RTGS (real time gross settlements)…They could go Global at 1460 and I’d be thrilled…

Petra – Dinar Guru  The price of oil is on the rise.  This only bodes well for all the Gulf cooperating countries, OPEC and of course it’s going to impact Iraq as well because they are making money hand over fist right now with these higher oil prices.  That only drives success and strength in the currency itself.  It’s all good. I’m excited…

MilitiaMan – Dinar Guru    The things before us now are clearly showing a transformation. They have some many things done that have never been done before. The brass ring is  to be ready for the taking imo once they give the mechanism for the 2021 activation to pay the retro active payments...When bankers talk compliance, they are serious about it… I seriously like where we are now. By far better place than ever before from what I now see. Amazing things ahead…

Petra – Dinar Guru   Article:  “Saudi companies prepare to launch giant investments soon in Iraq ”   […The Saudi’s don’t play games and have little tolerance “postponement and delay tactics” if your not ready to do business they don’t stick around. The fact that they seem to be moving forward with investment projects (according to this article anyway) again I find encouraging…]  Correct…Looks like they may get the first dance card with the queen of the Ball!

MilitiaMan – Dinar Guru   …”According to the information, the salaries of employees and the region’s share in the budget law will be launched by the Federal Ministry of Finance after the Eid al-Fitr holiday.”  They told us the mechanism was agreed on and was to be dealt with immediately after Eid Al-Fitr…Lets hope they have the international mechanism ready to roll out!!

Mountain Goat – Dinar Guru  Article:  ” China agreement with Iraq will be activated soon, while noting that the annual volume of exchange between the two countries has reached 30 billion dollars.”  this is very important as China needs the Iraqi oil real bad. This is a geopolitical move on China ’s part…

Petra – Dinar Guru  They came out with some matrix that I was frankly kind of surprised.  They said 99% of the citizens in Iraq now have cellphones.  That’s massive.  And over 75% of them are connected to the internet.  Put that in your about digitization and being able to safely and securely transfer money both internally and externally…

Kaperoni – Dinar Guru   If the Iraqi dinar is ever going to appreciate in value it will be as the IMF says…”a predictable and gradual appreciation.”…

MilitiaMan – Dinar Guru  There is a clear and concise move to digitalization for Iraq and the region. We saw the like of 200 Senior officials from banks and Central Banks around the world with the BUNA conference on the sixth of May. Then on the 8th of May there is more on the digital transformation of the country. Now we see 300 Banks and from 20 Arab States are to attend a virtual event on the same topic of digitization in the coming days.  To gather this sort of attention is for a serious reason, one is for security and stability an other is transparency and to fight corruption.   [post 1 of 2]

MilitiaMan – Dinar Guru  Keep in mind those that have a need to know of what to expect from the level playing field will be there. They…know now that Iraq is open for business. The recent NIC platform from the GOI told us that investors can now make application to get into investments. That will require international standards. Along with it an exchange rate that complies too. We see today they expectation to pay salaries is post Eid Al-Fitr. That is not far off…They will need to have show time sooner than later.  Show time is 18th – 20th of May…imo Things are looking very good indeed!!!  [post 2 of 2]

Petra – Dinar Guru  Remember, the dinar is still at a PR (sanctioned) rate.  Even though they have been given a clear approval to move forward by the IMF/WB/UST they still are under the old rate.  And because of that, they CANNOT use the IQD to purchase goods outside of their country.  The only ‘mechanism’ they have currently is to trade their dinars with the banks for USD to purchase medicines, computers, Pepsi, and other good that are not manufactured in Iraq.  So, they must continue to purchase using USD until they change their rate to an internationally recognized and accepted currency…the auctions serve two purposes:  it allows for import purchases…as well as drawn in more notes from the citizens.  Will this change after the RI…you bet!  But for now, this is the necessary process in order to continue international trade to provide what Iraqi’s need to live.  All IMO.

Mountain Goat – Dinar Guru   …I can tell everyone with complete and utmost assurance that there is NOT going to be an RV anytime soon unless the CBI announces going ahead with the project to delete the zeros. They have not. I know they are planning it and working out the details but the economy and other issues, such as the move to increase the reserves are standing in the way…They…need the Iraq constitution FULLY implemented. That means HCL and the Article 140 referendum that the constitution calls for. But  not just written but passed in parliament and implemented successfully. Yes, these are the obstacles. We know that both of these referendums are in parliament being reviewed but not yet voted on.

MilitiaMan – Dinar Guru  Article:  “Saleh assures the Saudi delegation the importance of strengthening bilateral relations and the role of Iraq in consolidating the security of the region”   This is a big deal and it looks like they have agreed on many things. Security and Stability are a couple items, as are the economy and investments… Oh, I like this… Bring on the MECHANISM!!! ~ imo.

MilitiaMan – Dinar Guru  More interest in the dinar in relationship to the stock exchange is very heavy.  I think that’s an indicator that investors around the world are getting excited and having to put money where their mouth is.  The country of Iraq knows that.

Pimpy – Dinar Guru  The people in Iraq rising up going after the politician Maliki who is backed by Iran – that to me is good. The fact that oil prices are up is great.  The fact that the deficit is already taken care of this early into the year is awesome news.  Biden expending the declaration of emergency that’s not good.  That sends a really bad message...there’s a lot of good things going on but there’s also a lot of bad. You should be aware of all of them…we are super pumped about the oil prices going up…

Petra – Dinar Guru  Article:  “The government will provide all conditions for the success of investment in Iraq”  What does that mean?  In order to have success with investment you have to have a tradable currency.  You’ve got to have mechanisms by which that currency can be tracked and traded internationally. i.e. BUNA.  We have the Prime Minister himself coming out and saying ALL CONDITIONS for the success of investment in Iraq.  That IMO was a huge statement…

Mountain Goat – Dinar Guru  My contact in the CBI told me that late week that leading political figures along with the IMF met with the Central Bank to plan out how to conduct the project to delete the zeros. So, we know they are now considering moving ahead with the project and funding it.

MilitiaMan – Dinar Guru  Article:  “The Parliamentary Finance Committee revealed, on Tuesday, a Kurdish delegation’s visit to Baghdad .”  Quote:  “The mission of the delegation that will visit Baghdad is to agree on the mechanism for implementing Article 11 of the Federal Budget Law.“  I imagine they will have a mechanism front and center right after Eid A – Fitr. …The mechanism, i.e., an exchange rate is or may be calculated based over time and averaging, in some cases, imo...Regardless the topic is the mechanism and that my friends is a big deal! They want to know what rate at which to calculate now…imo…I’ll bet once they see the mechanism they’ll be dancing in the streets…lol imo…me too…ha!

Pimpy – Dinar Guru  Article: “Biden extends the “state of emergency” in Iraq and Syria for another year”  What does that mean?  That’s Biden’s way of saying to the international community, ‘Be careful going into Iraq .  I wouldn’t invest there.  It’s not stable yet.‘  He’s still saying they’re in a state of emergency.  That’s what this means.  It isn’t good.

MilitiaMan – Dinar Guru   Article: “Al-Kazemi refers to an “unprecedented” security coordination between Baghdad and Erbil: it will curb terrorist attacks”  Quote:  “Baghdad is now in the final stage of approving and distributing the budget sections, and Kurdistan’s share will soon reach Erbil.”  The kurdistan share is to reach Erbil… There is enough support now that they should have smooth sailing… They have plenty of resources to cover a very healthy and strong currency…imo